OMC’s (Orissa Mining Corporation) chrome ore auction for about 66,000 tonnes on 3 December 2013. OMC sells chrome ore through E-auction process, in which 70% is reserved for units located with in Odisha and rest 30 percent for units located outside Odisha.
The Odisha Mining Corporation (OMC) will conduct its e-auction for sale of 66 thousand tonnes of various grades of Chrome ore on 3rd of December 2013.
Out of the total 66,000 tonnes of Chrome ore there are 56,200 tonnes of friable ore and 9,800 tonnes of concentrated ore. The 56,200 tonnes of friable ore include 7,800 tones of the +54 grade and 9,000 tones of 52-54 grades.
The base price for the friable 54+ grade has been fixed at INR 12, 045/MT (USD 191) and for 52-54 it has been fixed at INR 11,599/MT (USD 184)
Similarly out of the 9,800 tones of Chrome concentrate 5,700 tones are of 40-38 grade and 3,800 tonnes are 44-42 grade. The base price for 40-38 grade has been fixed at INR 7,676/MT (USD 121) and for 44-42 it has been fixed at INR 8,443/MT (USD 134).
In last E-auction, ore prices had gone up by almost 30 percent for units located outside Odisha.
Results of Last Auction held on 30th October
|
INSIDE STATE |
OUTSIDE STATE |
||
|
GRADE |
PRICE (INR/MT) |
GRADE |
PRICE (INR/MT) |
|
54+ |
14,354 |
54+ |
18,954 |
|
52-54 |
13,315 |
52-54 |
14,015 |
|
48-50 |
12,992 |
50-52 |
12,771 |
|
46-48 |
9,313 |
48-50 |
12,192 |
|
44-46 |
8,434 |
46-48 |
12,192 |
|
|
44-46 |
9,434 |
|
|
CONCENTRATED |
|
|
GRADE |
PRICE(INR/MT) |
|
38-40 |
8,582 |
|
42-44 |
8,506 |
|
46-48 |
11,061 |
|
ALLOCATIONS |
|||
|
INSIDE STATE |
OUTSIDE STATE |
||
|
COMPANY |
QUANTITY (in MT) |
COMPANY |
QUANTITY (in MT) |
|
JSL |
14,900 |
Rohit Ferro |
4,200 |
|
VISA |
11,000 |
Shyam Ferro |
1,500 |
|
Rohit Ferro |
8,100 |
||
|
Shyam Metalics |
6,700 |
||
Source: OMC, Market Traders
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